Moneyslane Rural Community Hub Company Limited by Guarantee
Annual Report for the year ended 31st July 2025 Registered No: NI 613542
: Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
Contents
| Contents | |
|---|---|
| Page (s) | |
| Company information | 1 |
| Trustees' Report (Incorporatingthe Director's Report) | 2-4 |
| Report ofthe independent examiners | 5 |
| Statement offinancial activities | 6 |
| Balance sheet | 7 |
| Notestotheaccounts | 8-12 |
. Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Company information
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|---|---|---|---|---|---|
|Charity|Name:|Moneyslane|Rural Community Hub|
|Company|Registration|Number:|NI613542|
|NI|Charity|Commission|Registration|Number:|NIC102270|
|HMRC|Charity|Number:|XT38423|
|Registered|office|and|business|address:|6a Moneyslane Road|
|Ballyward,|Castlewellan,|
|Co|Down,|BT31|9PT|
|Elected|Board Members:|Leonard James|Blakely|
|Geoffrey|Cochrane|
|Thomas|Jennings|
|Renick|Malcolmson|
|Independent|Examiners:|Roulston|Jardine|Chartered Accountants|
|First|Floor,|3|Gallows|Street|
|Dromore|
|BT25|1BG|
|Bankers:|Ulster Bank|
|86|Hill|Street|
|Newry|
|Co Down,|BT34|1BT|
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Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Trustees' Report (Incorporating the Director's Report)
The board present their report and accounts for the year ended 31st July 2025.
Objects and activities
The company's objects are to promote any charitable purpose for the benefit of the community in the Moneyslane area.
The principal activity of the company in the period under review was the conduct of Moneyslane Rural Community Hub as a centre to promote health and well being, environmental protection and improvement, advancement of citizenship and community development in Moneyslane and the surrounding area.
Corporate governance
Moneyslane Rural Community Hub is a company limited by guarantee and as such it does not have share capital. The company is registered with the Inland Revenue as a charitable body for taxation purposes (Inland Revenue Charity No XT38423). The company is also registered with the Charity Commission Northern Ireland under charity number NIC102270. The company was incorporated on 9 July 2012 and its governing instrument is the Memorandum and Articles of Association.
The governing body is the board of whose members are also directors for the purposes of companies’ legislation. Members of the board, who are elected by the members of the Moneyslane Rural Community Hub, are listed on page 1.
Accounts presentation
The Company's accounts have been presented this year in the format set out as best practice by the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities accounts in the UK and Republic of Ireland (FRS 102).
The Statement of Financial Activities ("SOFA") focuses on showing the total incoming resources which have been made available to the company during the year and the way in which those resources have been used, whether as direct charitable expenditure in carrying out and supporting the company's activities,
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Trustees' Report (Incorporating Director's Report) (cont'd)
or in the management and administration of the company itself. The SOFA also shows those incoming resources for the year received from sources which place restrictions on the way in which the company can use the funds, and the level of incoming resources that can be used by the company without restriction, within the company's charitable objects.
Responsibilities of the Board
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for the period.
In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the applicable Charities SORP;
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Make judgements and accounting estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Going concern and reserves policy
The board consider that the company has adequate resources to continue in business for the foreseeable future, and that for this reason they should continue to adopt the going concern basis in preparing the accounts.
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Trustees' Report (Incorporating Director's Report) (cont'd)
Changes in fixed assets
The movements in fixed assets during the period are set out in note 9 to the accounts.
Risk Management
The Trustee Board have reviewed the key risks facing the charity and have established procedures to manage those risks. A risk register is maintained and regularly reviewed.
Independent Examiners
A resolution to re-appoint the independent examiners, Roulston Jardine Chartered Accountants, will be proposed at the Annual General Meeting.
Special provisions relating to small companies
These accounts have been prepared in accordance with the Special Provisions of part 15 of the Companies Act 2006 relating to small companies.
This report was approved by the board on 31st March 2026.
By order of the Board
TS Thomas Jennings Director
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Page 5
Independent Examiner's Report to the Trustees of Moneyslane Rural Community Hub
I report on the accounts for the year ended 31 July 2025 set out on pages 2 to 12.
Respective responsibilities of charity trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is my responsibility to:
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examine the accounts under section 65 of the Charities Act
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follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
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state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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That accounting records were not kept in accordance with section 63 of the Charities Act
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That the accounts do not accord with those accounting records
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That the accounts do not comply with the accounting requirements of the Charities Act
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That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner’s statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
Alan Roulston 31st March 2026
FCA Roulston Jardine Chartered Accountants First Floor, 3 Gallows Street
Dromore BT25 1BG
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Statement|of Financial|Activities|
|Unrestricted|Restricted|Total|Total|
|Note|funds|funds|2025|2024|
|Incoming|resources|
|Donations|and|legacies|2|-|-|-|-|
|Charitable|activities|3|6,400|9,612|16,012|15,551|
|Total|incoming|resources|6,400|9,612|16,012|15,551|
|Resources|expended|
|Direct|charitable|expenditure|4|5,834|9,612|15,446|14,891|
|Governance|costs|5|620|-|620|540|
|Total|resources|expended|6,454|9,612|16,066|15,431|
|Net Income|(54)|-|(54)|120|
|Transfers|between|funds|
|Net movement|in|funds|(54)|-|(54)|120|
|Reconciliation|of movement|in|funds|
|Fund balances|at|Ist August 2024|142|142|22|
|Net movement|in|funds|for the year|(54)|-|(54)|120|
|Fund|balances|at|31st July|2025|88|-|88|142|
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All amounts above relate to the continuing operations of the company.
The company has no recognised gains and losses other than those included above and therefore no separate statement of total recognised gains and losses has been presented.
There is no difference between the net movement in funds for the year stated above, and their historical cost equivalents.
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Statement of Financial Position (Balance sheet)
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| Statement of FinancialFinancial Position (Balance sheet) | |||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| £ | £ | ||
| Fixed assets | 9 | 11,579 | 18,698 |
| Current assets | |||
| Debtors | 10 | - | - |
| Cash at bank and in hand: | |||
| UlsterBank current account | 508 | 401 | |
| 508 | 401 | ||
| Creditors: amounts falling duewithin oneyear | 11 | (11,999) | (18,957) |
| Netcurrent assets | (11,491) | (18,556) | |
| Net assets | 88 | 142 | |
| Funds employed | |||
| Unrestricted funds | 88 | 142 | |
| Restricted funds | - | - | |
| 88 | 142 |
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
For the year ended 31 July 2025, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year ended 31 July 2025 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The financial statements were approved by the board of trustees on 31st March 2026 and signed on its behalf by:
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Thomas Jennings Director
Registration number NI613542
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Notes to the accounts
1 Accounting policies
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with "The Financial Reporting Standard applicable in the UK and Republic of Ireland" FRS 102, the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities accounts in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act (Northern Ireland) 2008.
Income
All incoming resources are recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. When an incoming resource relating to a future accounting period is received, the amount is treated as deferred income and it is included within creditors in the balance sheet.
Funds
Moneyslane Rural Community Hub has various types of funds for which it is responsible and which require separate disclosure. These are as follows:
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¢ restricted income funds: income which is earmarked by the donor for specific purposes. Such purposes are within the overall aims of the organisation; and
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¢ unrestricted funds: funds which are expendable at the discretion of the management board in furtherance of the objects of the organisation. In addition to expenditure on education or services, such funds may be held in order to finance capital investment and working capital.
Costs
Management and administration costs relate to the costs of running the organisation such as the costs of meetings and accountancy and include any costs which cannot be specifically identified to another expenditure classification.
Depreciation
Depreciation is calculated to write off the original cost less the estimated residual value of the fixed assets on a straight line basis over their expected useful lives, as follows:
Land and property 10% Fixtures and fittings 20%
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Notes to the accounts (cont'd)
2 Income from Donations and Legacies
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2025 | 2024 | |||
| £ | £ | £ | £ | |||
| Incoming resources | ||||||
| Fundraising | ||||||
| Donations | - | - | - | - | ||
| Totalincomingresources | - | - | - | - |
3 Income from Charitable Activities
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2,025 | 2,024 | |
| £ | £ | £ | £ | |
| Income | ||||
| Grants | 1,000 | 9,612 | 10,612 | 10,401 |
| Pitchhire | 5,400 | - | 5,400 | 5,150 |
| Totalincome | 6,400 | 9,612 | 16,012 | 15,551 |
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Notes to the accounts (cont'd)
4 Analysis of Direct Charitable Expenditure
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Direct charitable expenditure | ||||
| Wages and salaries | - | - | - | - |
| Insurance | 990 | - | 990 | 946 |
| Light&heat | 2,454 | - | 2,454 | = 1,824 |
| Repairs& maintenance | 853 | - | 853 | 963 |
| Postage, stationeryand advertising | 68 | - | 68 | - |
| Telephone | 667 | - | 667 | 603 |
| Depreciation | 678 | 9,612 | 10,290 | 10,281 |
| Bank charges | 124 | - | 124 | 119 |
| Sundry expenses | - | - | - | 155 |
| Totaldirectcharitableexpenditure | 5,834 | 9,612 | 15,446 | 14,891 |
5 Analysis of Governance Cost Expenditure
| Analysis of GovernanceGovernance Cost ExpenditureExpenditure | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | 2,025 | 2,024 | |
| £ | £ | £ | £ | |
| Governance costs | ||||
| Accountancy | 620 | - | 620 | 540 |
| General expenses | - | - | - | - |
| Totalmanagementandadministration | 620 | - | 620 | 540 |
6 Remuneration
Total remuneration paid to the board members during the year was £0 (2024 £0). Expenses paid to board members during the year amounted to £0 (2024 £0). There were no other related party transactions in the year.
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Notes to the accounts (cont'd)
7 Net movement in funds
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|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Net movement|in|funds|is|stated|after|charging/(crediting):|
|Auditors'|remuneration|
|Depreciation on tangible|fixed|assets|10,290|10,281|
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8 Taxation
No provision for taxation is required as the organisation has charitable status approved by the Inland Revenue (Charity number: XT38423).
9 Fixed assets
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|||||||
|---|---|---|---|---|---|
|Land|&|Fixtures|&|
|Property|fittings|Total|
|Cost|
|At|Ist August 2024|134,889|48,279|183,168|
|Additions|-|3,171|3,171|
|Disposals|
|At 31st July|2025|134,889|51,450|186,339|
|Accumulated|depreciation|
|At|Ist August 2024|134,889|29,581|164,470|
|Charge|for the year|.|-|10,290|10,290|
|Disposals|
|At 31st July 2025|134,889|39,871|174,760|
|Net|book value|
|At|31st July 2025|-|11,579|~—-11,579|
|At|Ist August 2024|-|18,698|18,698|
|10|Debtors|
|2,025|2,024|
|£|£|
|Other|debtors|-|-|
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Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2025
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Notes to the accounts (cont'd)
| 11 | Creditors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Other creditors | 1,000 | 1,000 | |
| Accruals | 360 | 360 | |
| Deferredgrant | 10,639 | 17,597 | |
| 11,999 | 18,957 |
12 Average Employee Numbers
The average number of employees during the year was 0 (2024 - 0).
13 Guarantors
Moneyslane Rural Community Hub is a company limited by guarantee and it does not have share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of the same being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the company contracted before he ceases to be a member and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1.